Charlotte, N.C., Oct. 13 - Lance, Inc. today reported that it has completed the previously announced purchase of the Stella D'oro brand as well as certain manufacturing equipment and inventory from Stella D'oro Biscuit Co., Inc.
Terms of the purchase agreement were not disclosed. Lance used available liquidity under its current credit facilities to fund the acquisition.
Established in 1932, Stella D'oro is a leading brand in the specialty cookie segment with a rich heritage and strong brand equity. Stella D'oro products include shelf stable cookies, breakfast treats, breadsticks and biscotti that are sold in grocery stores and mass merchants throughout the United States, with a high concentration in the Northeast and Southeast regions of the country.